Vontobel CEO caps private banking M&A deals at $20 bln in assets

July 26, 2016 9:17 AM

13
0

ZURICH, July 26 Swiss bank Vontobel is open to making acquisitions in private banking but is unlikely to pursue a deal involving assets of more than 20 billion Swiss francs ($20.3 billion), Chief Executive Zeno Staub told Reuters on Tuesday.

"Probably 20 billion, private wealth," Staub said, when asked what would be the maximum size of deal in terms of assets under management that Vontobel would pursue.